Act Party deputy leader and new Associate Commerce Minister John Boscawen will keep watch on the Commerce Commission as part of his new job, the government announced today.

Commerce Minister Simon Power is calling for input on the securities trustees and statutory supervisors regulations.

The regulations, which were released in a discussion document today, will give certainty to the Securities Commission and the industry about how the Securities Trustees and Statutory Supervisors Bill will be applied in practice.

They will also ensure that the costs of the regime are fairly distributed and will include provisions to strengthen trust deeds.